Brokers’ call: Barclays overweight on Hindustan Zinc

Barclays has maintained its ‘Overweight’ rating on Hindustan Zinc after an interaction with the company's management, saying it is a low-risk defensive play among shares of metal companies.

Positive factors include the ramp-up of SK mine, no expected incremental volume loss from Rampura Agucha transition to underground mining, and unchanged silver production guidance, analysts said.